Retirement plan sponsors have plenty on their minds, from participation rates and plan fees to regulatory compliance and fiduciary issues. Amongst those issues are two “day-to-day” areas – recordkeeping agreements and payroll – that have the potential to become bigger headaches if not properly monitored.
Recordkeeping agreements, which detail day-to-day administration of a retirement plan as well as set forth the plan administrator and recordkeeper obligations, can be quite extensive in scope. The Department of Labor has taken to reviewing them and providing guidance surrounding their contents – all of which may come under scrutiny during a plan investigation. Similarly, payroll can also lead to sticky situations, from improper deductions to classification of employees to common errors with contributions.
This webcast will explore aspects of recordkeeping agreements and payroll that, if not managed with care, could keep retirement plan sponsors up at night. With a short investment of time, you can learn how to help clients get ahead of costly errors and delays by identifying key potential pain points and what steps can be taken to avoid them.
If you provide legal counsel and guidance on plan administration for any employer sponsoring an employee benefit plan -- particularly 501(c)(3) and governmental employers -- you don’t want to miss this annual program. This premier virtual employee benefits webcast covers issues primarily relevant to the benefit plans of medium and large employers. Speakers include numerous government representatives, expert practitioners, ERISA litigators, and in-house counsel.
Join us online for a deep dive and get an authoritative update from leading professionals working with private, non-profit, and governmental employers – including representatives from the IRS Office of the Associate Chief Counsel, the Department of Labor’s Employee Benefit Security Administration, and the Centers for Medicare and Medicaid Services. Be equipped to guide your clients on needed changes to plan provisions, human resources, employment agreements and plan operations, and stay current on the most recent regulations, court opinions, and best practices in this area.